FBS Global announces 1-for-10 reverse stock split
FBGL•FBS Global set a 1-for-10 reverse stock split, pending Nasdaq clearance, with split-adjusted trading expected to start Sept. 28, 2026. Issued shares are expected to fall to about 1.35 million from 13.5 million as the company targets Nasdaq’s $1 minimum bid price requirement.
1. Split details
FBS Global set a 1-for-10 reverse stock split, pending Nasdaq clearance. Split-adjusted trading is expected to start Sept. 28, 2026, on Nasdaq under FBGL.
2. Share count changes
Issued shares are expected to fall to about 1,350,000 from 13,500,000, while authorized shares will decrease to 50,000,000 from 500,000,000. The new CUSIP is G3337S117, and par value will change to $0.01 from $0.001. The move targets Nasdaq’s $1.00 minimum bid price requirement for continued listing.
